Private assets spurring returns for CPPIB

The investment portfolio has generated 1.8% of annualised net nominal returns for the first quarter, and 12.3% for the five-year period. The annualised net nominal returns for the 10-year period was 8%. The returns are calculated including CPPIB costs.

"While performance was solid across our investment departments, our private assets did particularly well," said Mark Machin, CPPIB's president and CEO.

The value of CPPIB's private equity holdings has grown to $76.4bn, up from $69.3bn as of December 2017. This represents 20.9% of the total portfolio, which is made up of 17.8% international and 2.8% domestic and emerging private equity.

The pension fund recently agreed to acquire a stake in sports data specialist Sportradar from EQT Partners at an enterprise value of €2.1bn.

The Canadian scheme has also committed $250m in Bain Capital Fund XII, and more than $207m in EQT VIII. Other commitments include $500m to Carlyle Partners VII in 2017. It also directly invested in privately owned insurance distributor BGL Group and co-invested alongside Roark Capital in the buyout of International Car Wash Group during 2017.

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• Topics
• LPs
• Performance
• Bain Capital
• EQT
• Carlyle Group